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to keep talking about how to deal with the leadership in pyongyang. susan rice says u.s. officials apprriate action.alled rtners to she said the security council may need to impose additional sanctions. experts say one reason they went what he had the launch was to get the upper hand in negotiations with the u.s. the north koreans have developed the capability to launch missiles that could reach the u.s. mainland. i started asking about the riousness of these developments. now looking at this as a safety concern. they called the launch is provocative act. >> it undermines the global nonproliferation regime. it's regrettable that the leadership chose to take this in flagrant violation of its >> tbama administration is also alarmed that north korea is getting closer to its goal of developing a long range missile capable of carrying a nuclear warhead. >> what further steps could the americans take? >> the u.s. had an agreement to provide north korea with food aid. the deal fell apart in april when the north korean regime went what he had a satellite lunch but was widely regarded as an
today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell s
if the u.s. economy goes over the fiscal cliff. >>> and the fed takes the new and surprising step in its ongoing efforts to boost the economy, tying interest rates directly to the u.s. unemployment rate. >>> plus, investors cheering the plan to save danone's plans to offset losses over the next two years. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the program. coming up on today's show, we'll be plenty busy. we head out to tokyo where carry enjoji has been talking about the upcoming elections. then, we hone in on central london where one pilot project is living roof and major buildings. find out what green living can do go r to improve the area. >>> and today, the 1 billionth international tourist will reportedly arrive at a destination in the world. at 11:20 central time, we'll speak to the world travel council to find out why france is still the world's top destination but more money is spent in the u.s. and central america is now a star performer. first, we want to get the latest news. looking for confidence out
it in perspective. the euro/u.s. dollar didn't move that much whatsoever. from that point of view, i don't think that we just have to look at today or the last two days of development in euro/u.s. dollar. of course, global trade is really important for the german economy. it continues to be very important. even from a private consumption point of view, we did have quite a bit of support as of late. also because of the wages. and looking at the world bank report, also looking at the asian economies in 2013, 2014, them seeing a little better picture is very good for the german economy and not to speak about the turnaround in the u.s. which seems to be stabilizing, looking this also at the housing market. so business sentiment better than expected. it is rising. the current conditions a little weaker than expected. add to that the financial analyst numbers we had as of late, also better than expected. not too bad. >> patricia, we'll see you again next hour. thank you very much for following all the latest there. >> sure. >>> now, shares in ubs have edged up in early trade after the bank announced a
whose founding president is currently serving a two-year sentence. u.s.-backed rain monarchy banned all public demonstrations earlier this year. new figures show the obama administration has conducted more than 200,000 deportations of parents with children who are u.s. citizens over a period of about two years. according to federal data, nearly one-quarter of all deportations from july 1, 2010 to the end of the september for issued for parents with u.s. citizen children. colorlines reports the data appears to dash hopes that new guidelines issued for deportations last year would curb the separation of families by immigration and customs enforcement. the prosecutorial discretion guidelines instruct ice agents to focus on certain immigrants, including those with criminal convictions, and to consider a person's ties to the country and "whether the person has a u.s. citizen or permanent resident spouse, child, or parent" when making deportation decisions. a group of new jersey residents who say they're subjected to surprise pre-dawn, immigration rates has reached a settlement of the federal
finds. we see falling u.s. demand, rising supply. we see miles driven. there's technology at play. probably the biggest thing that could happen to the auto industry and we can come on to that. that's only a few years out. the message from the futures market that we're get sg oil should be some $10 to $15 lower. if we were to get $10 off the oil price, it broadly equate toes about 1% gdp surprising the western world. it's that time of year where we're pending our thoughts to next year. tangible, economic prices to next year. it will be oil related, a chance, good job with raising the tax threshold in the uk. that means for the first year in five. uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been trying to pull. but your point is interesting. it's not just the uk we were seeing there. and it goes back to the point you were making about oil. u.s. retail gas prices are down 16% since their peak this
him. he has had a series of health problems in recent years. a shake-up at the u.s. state department. who is out of a job following the findings of a security investigation. women using technology to build their business. the those headlines in just a moment. >> it is a very unsettled picture across europe. we have this area of low pressure. this frontal system giving some torrential rainfall. and improvement here but on the forward edge of this frontal system there is likely to be some snow extending down toward the alpine region. some shower weather for the u.k. and much of france, too. over eastern parts of europe seeing cloudy skies, outbreaks of rain. -14 degrees is expected in moscow. we have a fairly brisk, northwesterly wind making an impact all the way down towards sudan seeing temperatures below average at 29 degrees. as we move into central parts of africa, while the monsoon rains are pushing further, a decent amount of rain is being reported but generally you see the rainfall pushing away from the democratic republic of the," . -- of congo. >> the french president, presid
of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast forward to the good bits. >> yeah. >> it will be 2:00, 3:00 in the morning or whatever. >>> on today's show, plenty to come on. >> yes. the south american union faces ejection from the imf for allegedly cooking its books about the innation rate. we'll head out to europe where the swiss banking giants could be facing $1.6 billion over libor rate rigging allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank of japan to heed the call of the masses. abe is beating the heat on the boj just one day after his party's huge win and two days after the bank's next rate setting meeting. kaori enjoji has the latest for us. how much of a game changer is all this? >> this is a serious game changer. it's a comeback for the dlp and shinzo abe. he has made it clear that the economy and economic recovery is going to
>>> the formalitier government is accused of being sent rick. >> massive write-downs n u.s. and brazil while warning over a week's global recovery. >>> and hsbc agreed to settle money laundering charges, paying a record $1.9 billion fine. >>> and we're getting the bumping out here today, not only because it's christmas, but -- >> because james ferguson is here. >> and we are finally in the same place at the same time. ♪ reunited and it feels so good ♪ >> there we go. >> my apologies to everyone for that. >> how about that voice? i feel a christmas sing along coming on at some point. >> it's the holt day spirit. >> it is. >> also, we are outside the u.s. senate. we're going to see just how much progress has been made or how little progress between the president and congress on the fiscal cliff situation. >>> and we'll find out just how much the european debt crisis has affected tourist's willingness to travel to southern europe. >> and then south korea's presidential election, yes, it's not just japan, and what to expect from the winner. >>> let's just plug you into wher
to u.s. exporters may be showing signs of stabilizing, maybe get to growth. so that might mean moderation in the eurozone might ease in the first quarter. but again, this is all dependent on what happens with that ongoing debt crisis and any step back in resolving that would obviously have a knock-on effect to the economy. >> i'm wondering whether germany as we look at -- they're just above sort of recession territory at the moment. i'm wondering whether if they get better growth out of asia, that will offset the weakness that they're seeing in europe enough to keep them above the pencil line. >> what we've seen so far with today's numbers is exports are declining very sharp. they'll need asia and the u.s. to offset some of that demand weakness, but again, the biggest market for most is the euro zone. if the eurozone is performing badly, that will have a thok-on effect for those countries. >> there's a number of strategists saying after the u.s. has sort of led equities for most of the year, they're now saying europe is the place to be. from i think really the question you have
republicans put forward their plan to cut the u.s. deficit, but the proposal is quickly dismissed by democrats and the white house. >>> and australia central bank cuts interest rates to the lowest level since the financial crisis in a bid to get ahead of sluggish commodities demand. we're on tuesday and off to a slightly, what, soft close yesterday for european stocks. right now we're pretty evenlies passed, advancers just about outpacing decliners on the stoxx 600, but not by much, 5:4 if that. so one hour into the trading session, this is where we stand. the ftse 100 just flat, a flat close yesterday. the dax was essentially fairly flat yesterday. up just ten points. the cac 40 yesterday doing a little bit better, up 0.2%. first pointing out ftse up 9 out of the last 11. we have seen yields continue to decline in spain. just 5.23%, but still capped. spain requesting financial assistance. we'll keep our eye on the uk as we head toward the bank of england meeting this week p. dollar index has hit a one month low. you're redollar up to euro-dollar up near the high we saw yesterday. dollar-yen m
. board of education. the issue the u.s. supreme court agreed to take on that will make history. >> all of those who argued for nonintervention because of the things that might happen have now happened because we failed to intervene. >>> when is enough enough? that is the question many are asking about syria, as the death toll climbs and concerns mount over chemical weapons. now some lawmakers are saying it may be too late to stop mass destruction. >>> and a toddler taken from the only parents she ever knew because of a little known federal law. now they're fighting to get her back, and may be on their way to the supreme court. i'll talk with them live. >>> good morning, everyone. i'm randi kaye. it is 10:00 on the east coast, 7:00 on the west. thanks so much for starting your day with us. it was supposed to be just for laughs. humor. the listeners with a lighthearted prank. two radio deejays called the london hospital where the duchess of cambridge was being treated and tricked a nurse to get details about her condition. two days later, that nurse, 46-year-old jacintha saldanha, took h
. at times when the u.s. grew the fastest was times when the population was also growing the fastest. so the fact there that there's a billion new consumers joining the middle-class in the next five or ten years, you bet be with them. the second is the cost of materials so basically in in the '90s oil was $15 a barrel for a decade. now it's $80 or $100 or $120. there's a massive amount of wealth that goes with where resources go and things like that that's number two. number see there innovation. where is is the innovation taking place? is it silicon valley? bangalore? other places. so i would say demographics, natural resources, where's the innovation? that's what rules. now, in the case of aviation -- let's take that business. revenue miles are growing 4% or 5% every year because people are flying around the world. but the three biggest airlines in the world today, if you went back ten years and if i said to you the three biggest airlines are going to be emirates and qatar airlines -- >> rose: you're losing it. >> completely in another -- well not american airlines and stuff like that.
of just 2.5% in the u.s., 1.5% in canada and zero growth in the uk. locally, cutbacks in government spending weighed on the numbers and lower commodity prices also impacted on cash flow and the government is facing more criticism about its effort to keep the budget in surplus while the economy grows. >> the government has had the objective of making sure that we would bring our budget back to surplus when growth has been around trend. what we've been seeking to do through good budget policy has been to provide maximum flexibility to the reserve bank to a just rate so. the government will always put in place appropriate budget settings which will support growth and jobs. >> still, analysts say growth could slow further as the mining investment boom peaks. yesterday, the bank of australia cut interest rates to a record low of 3% and traders are looking further easing next year to offset the falling talks of trade, the high australian daughter and further cutbacks in government spending. >> despite that prognosis for rates and the fact that we're now matching the record lows here, the
for the organized labor movement in the u.s., passage for this law in michigan would be a body blow to the labor movement in the u.s., wolf. >> certainly would be. thanks very much for that, jessica. >>> the president's due back here in washington just in a little while from michigan. his focus will be back on trying to get a deal with the house speaker john boehner over taxes and spending cuts. our chief political analyst gloria borger is here to take a closer look at the agreements, the disagreements, i guess there's more disagreements than agreements. let's step back and see where these two sides stand, gloria. >> let's step back from the cliff here for a minute, wolf. and you'll see that on tax, which is of course the crux of this matter, there's a huge difference between congressional republicans who want to raise $800 billion over ten years from tax increases. and of course the white house that wants to, you know, basically double that. i mean, the white house says, we need to get more revenue from taxes. if you break apart these tax number, take a look, because of course we know, the big
view threaten u.s. interests in africa and require the attention of the government and the world. that's why we convened the hearing to assess and a path forward and stabilize the situation and to address ongoing humanitarian needs. i would like to welcome my friend and partner on the subcommittee senator ikesson and i understand we may well be joined by others and to thank our distinguished witnesses for sharing their insight and expertise. earlier this year, a security and political vacuum was exploited by extremists. today al qaeda and aqim and two affiliated groups control the majority of northern malli an area roughly the size of the state of texas making it the largest territory controlled by islamist extremists in the world. i am concerned the current approach is not comprehensive and forward leaning enough to address all threeze crises, security and plit and humanitarian. today we'll examine the policies. we'll assess evolving plans for a regionly led multilateral intervention and consider the complimentry goals of encouraging elections and restoring security by reclaiming the
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. >>> tonight defense officials fell our pentagon correspondent jim miklaszewski that a u.s. navy s.e.a.l. was killed during the rescue operation of an american doctor in afghanistan. his name has not been released. it happened during a raids to save dr. dill let joseph. the military says the operation was ordered after intelligence showed the doctor's life was in danger. >>> just two months after winning re-election, venezuelan president hugo chavez says his cancer has returned and he's treating treatment once again in kib what. in a nationally televised speech, chaves mentioned a possible successor should his condition worsen. it's not revealed what type of cancer he has. >>> tomorrow the first fema trailers are expected to roll into new jersey, much needed temporary housing. and in new york tonight, there are new questions about why politicians for decades didn't heed warnings about what could happen if a superstorm like sandy came ashore. katie? >> reporter: good evening, lester. there was a 14-foot storm surge here on lower manhattan, completely submerging this subway station.
. >>> now to the numbers that at first glance look like they're very good news for the u.s. economy and the obama administration, the nation's jobless rate fell to 7.7% in november as employers added 146,000 new jobs. the jobless rate hasn't been this low during the entire obama administration, but that's only part of the story. a closer look also shows a big reason behind today's drop in the unemployment rate is that 350,000 people dropped out of the work force in november. they're discouraged, many of them are, that they simply quit and they're trying to find work. christine romans joins us from new york. we saw the unexpected drop in the unemployment rate, but christine, take us a little behind the numbers that make up the headlines. >> 7.7% is that unemployment rate, the lowest since december, 2008, from before the president took office. 146,000 jobs created, twice what economists have been expecting. they really didn't see the pull back because of hiring being depressed because of hurricane sandy. maybe you'll see some of that in the next month, but this was a strong report on
, as a new focus on the u.s. operations. >> it would require us temporarily to throw out the strategy we have so carefully put in place in the past year as something to avoid. >> the d.o.d. promises that the salary of the department 3 million civilian and military employees would be exempt from cuts. staffing them would not be. bret? >> bret: doug, thank you. one of the suggestions discussed for increasing revenue involves limits on tax deductions as you heard in ed henry's piece. that brings us to the issue of charitable giving and whether the limits on write-offs would limit people's willingness to write checks. here is chief national correspondent jim angle. >> more than 200 representatives of charitable organizations from across the country came to washington today. to urge lawmakers to be careful not to hurt charity in search for revenue. >> for every dollar a donor receives in tax relief the public receives $3 of benefit. no other tax benefit generates that positive public impact. >> as they fanned out across capitol hill to talk to lawmakers the debate rageed on how to avoid the fiscal
's it for the 5. thank you. see you here tomorrow. >> this is a fox news alert. the longest serving senator in u.s. history has died. united states democratic senator daniel inouye world war ii veteran medal of honor recipient died from respiratory complications at 5:00 this afternoon. today at walter reed national military medical center. senate majority leader called inouye one of the grates of the chamber. mitch mcconnell said he had every reason to bring attention to himself but quote never did. we will have more on the life of the senator later in the show. the sandy hook elementary school massacre that left 20 children and 6 adults dead began burying the littlest victims as funerals were held for two 6-year-old boys including one whose twin sister survived that rampage. connecticut stit police lieutenant sadie tails were quote too difficult to discuss fktd they could hold the school and the home of adam lanza accountable. they pledge to seek change as he slowly recited the firs names of the victims. today white house press secretary jay carney warned that no single action or piece of legisla
. how are things standing by there? >> it's a very quiet session as we saw last week on the u.s. and the european incidentsies. despite the fact that the vix in the united states and the v-stocks and the various volatility measures on this side of the atlantic remain elevated. despite that, we're not seeing a lot of oscillation on the back of, as you said, the fiscal cliff and concerns that we may fall off. does that mean that people are getting complacent? they think even though we might not get a deal in the next 24 hours, we will get a deal fairly imminently. in the meantime, though, this is what we've got in terms of the major european indices. that will open and the germans will come to that in a few minutes' time it has been up year-to-date around about 6% and that makes the ftse 100 a real lagger compared with some of its european peers. a laggard, as well, compared to the cac 40. we have no fiscal cliff deal as of yet and it is up 1%. that means the cac 40, the french equity market, the blue chips there are up over 15% year-to-date. and a lot of markets are being shut to
:20. and the outlook for u.s. credit market appears less rose city. we'll speak to a moody's analyst that says high duration credit could be badly exposed. the european central bank is announcing either monetary policy decisions later today. economists expect ecb to stay pat on rates. its revised down its forecasts in 2013. hot on the heels from her stint in brusselss, silvia has moved back to frankfurt and the ecb headquarters. how more pessimistic might they be today in their forecasts. >> that's the big question. if they get too clee to the zero for the forecast next year, anything below let's say 0.4, 0.3 would be considered a little bit more bearish and that would of course increase the chances or risks whatever you want to look at it for further rate cut somewhere down the pike early next year, maybe january or february. the consensus for today is as you said no change on rates. remember a month ago, there were many calling for rate cut this month, but that seems to have receded right now. maybe also because the data we see out of the eurozone is rather mixed. everybody quite agrees that foir
. >>> in the u.s. firearm homicide rates are 19 times higher than the other high-income industrialized countries according to the brady campaign. national correspondent kyung law compares her years of reporting in japan where there's almost no gun violence. >> reporter: i moved back to the u.s. this summer. for the last five years i lived in japan as cnn's tokyo correspondent. in that entire time i never covered a shooting. there weren't any. this is my third mass shooting i've covered in just six months. >> she's on the scene for us at that apartment complex. she has more on this part of the investigation. >> reporter: in this brief time i've heard this question again and again by those victimized, most recently from a frustrated newtown resident. >> why are we so different from so many other industrialized countries that have so little gun violence, and we are just -- what makes us so different? s why is that? >> i don't have the answer. i can compare japan and u.s. in japan there are no guns. it's the safest place i've lived. here in the u.s. gun ownership is considered normal. 40% of america
're learning much more, the white house saying a short time ago, a u.s. service member, a navy seal was killed in that mission. president obama issuing this statement, tragically we lost one of our special operators in this effort. our thoughts and prayers go to 0 to his family and that mission to rescue dr. dylan joseph from colorado on a humanitarian mission in afghanistan. the doctor was abducted on wednesday in the eastern part of the country in broad daylight while returning to from the clinic that he worked and ordering his rescue after tense showed he was in imminent danger of injury or possible death. peter doocy from washington. >> and he was held captive in the mountains of afghanistan 50 miles from the pakistan border more than three days, dr. joseph was kidnapped in broad daylight wednesday at 3:30 in the afternoon, afghan time following a visit to a rural clinic in eastern kabul province and worked as a medical advisor for a nonprofit for a morning star development. and two others were before the rescue and general john allen, commander of forces in afghanistan says he ordered whe
the internal energy agency. they predict the u.s. will be energy independent by 2030. and become the world's largest exporter of oil, surpassing counties like saudi arabia, venezuela, nigeria and even iran. solar, wind and a backyard oil boom has changed the global landscape, and the landscape on our own backyards. we saw it first-hand in kansas. new technologies unearthing previously untapped oil reserves there and across the u.s. the effects already being felt well beyond the gas pump. >> this unconventional revolution in oil and natural gas is already having a big impact on the united states. it has created something like 1.7 million jobs in the last few years. >> reporter: and consider this. the economists at moody's tell us, if gas prices drop another 50 cents this year, it will create another 350,000 jobs by this time next year. and in the next few months, pending no major disruptions, we could seal our grocery bills and the cost of medicines, many of them made out of petroleum, come down, too. >> sharyn alfonsi, thank you so much. >>> and now we turn to see, for the first time, the
affiliated with the rebels a terrorist organization that has alleged ties to al qaeda. any assets in the u.s. are frozen, and americans are barred from doing business with it. >>> the body of the navy s.e.a.l. killed during a mission to rescue an american doctor from the taliban is on its way home. the family of dr. dilip joseph released a statement praising the s.e.a.l.'s hero im. he was part of seal team six, the unit that killed osama bin laden. it remain unclear if he was on that mission. david martin reports. >> reporter: the pentagon identified the navy s.e.a.l. killed as 28-year-old petty officer first class nicolas checque. part of a high-risk operation to rescue american dilip joseph before his taliban captors got him across the border into pakistan where u.s. forces cannot go. joseph, a medical adviser to the private aid organization morningstar development, had been kidnapped on wednesday along with two afghan staff members in the mountains east of kabul. according to u.s. officials, the taliban demanded a ransom of $100,000, money morningstar development didn't have. the taliban
, thanks very much. we're looking by the way on left-hand side of your screen live on the floor of the u.s. senate. don't you know, not much happening there. patti ann: all right. republican congressman louie gohmert is responding to those comments from senator reid that we just heard, firing back at accusations that republicans are refusing to compromise. let's listen. >> i can totally sympathize with reid's remark that he can not imagine our consciences in the house because you would have to have one to imagine ours. and he has shown repeatedly, over three years of no budget? come on. the guy has to have no conscience or he would have been embarrassed and given up leadership on his own if he had any conscience whatsoever. we have passed a bill to deal with the fiscal cliff. harry reid is becoming the ultimate cliff diver here by saying we're not going to even let our house, the senate house function. we're going to dive off the cliff and blame the republicans at every ledge down the way. gregg: cliff diving a new political sport. and senator lindsey graham also speaking out suggesting th
of what they sell and produce is exported all around the world. they want the u.s. economy to be stronger as quickly as possible and robust as quickly as possible because it means they'll continue to ask for. as much as they try to move from an export economy to a domestic consumption-based economy, and the reality is the more americans were coming for money they have in the pocket and the more they'll be shopping in stores. the healthier the u.s. economy is, the more they china will export and that means jobs for the chinese people. >> how much are they actually worried about the united states and how much time and attention are they paying to overdo it and enough relationship versus there are internal issues? >> i think the united states is incredibly important in china and they recognize that not only did their part to always ambassador locke has just described, but in another way i think you could say it's more psychological. it's a 150 year history where china has been trying to chain itself up into big power status. it's not there is very close to being there. get their just lingeri
is exported all around the world. they want the u.s. economy to be stronger as quickly as possible, because it means there will be able to continue to export. as much as they're trying to move from an export driven economy to a more domestic consumption based economy, they will still rely heavily on exports. the more americans are working, the more money they have in their pockets, the more they will be shopping in stores, and so much of what they buy is made from many other countries, including china. the healthier the u.s. economy is, the more that china will export. that means jobs for the chinese people. >> when you talk to leaders, how much are they actually were it about united states? -- worried about united states? >> i think united states is incredibly important to china, and recognize that. not only in very practical ways, but in another way, more psychological. there is a 150 year history were china has been trying to check itself up in big shin itself upr status. there is this lingering psychological mindset of china being victimized by the great powers. it is kind of a struggle
weekend at a conference on u.s. israeli issues. >> hi, everybody, welcome to the state department. >> reporter: that included this tribute video. >> i am somewhat overwhelmed, i'm obviously thinking i should sit down. i prepared some remarks for tonight but then i thought maybe we could just watch that video a few more times. >> reporter: until clinton decides her future, it's widely believed she freezes a potential democratic field that could include vice president joe biden, democratic strategist hilary rosen has her own prediction. >> i think she's going to run for president, but we're wasting our time speculating about it, she marches to her own drummer, she's not going to be rushed. >> have you talked to her at all about this, do you know if she's talked to political advisers about this? >> i have talked to her about it, and i've been shut down. >> reporter: clinton would have company. >> do you know any good diners in new hampshire or iowa. >> i will not stand by and watch the people of south carolina ignored. >> reporter: all kidding aside, paul ryan and marco rubio already
's a shortened trading session for christmas eve. u.s. equity markets will close at 1:00 p.m. eastern time. bond currency and commodity trading they're going to end early. in japan, indonesia, the philippines, they were all closed in europe. only the uk, french, dutch and spanish stock markets are open and they're going to be closing early. there are now only five trading sessions left in 2012. get your act together. stocks and bonds, solid gains so far this year. the dow has advanced 8% in total. the s&p 500 up almost 14%. the nasdaq has jumped 16%. it's been a good year. the end of the year also means we are just days away from the fiscal cliff, however, and that's the bad news. and looming tax hikes, spending cuts, all of that. both sides warning a very big deal becoming a bit more unlikely. >> and my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. on a broad thing like this, you need both. and he has put himself with plan b and sort of an impossible position. he has to get these hard right goes to go along with him. and he and the president were go
it is the worst performer of the dow jones industrial. looking at the fickle number, what about u.s. stocks against other opportunities read >. >> all of a sudden up nicely, i think they have been whacked and a goodbye right here. >> they are not transparent enough. many are swirling around, you're okay? >> never you own a monopoly, they don't like to make compromises. liz: december 14 visit 14 is a. >> they are due to get the iphone. liz: what other areas do you like with china? if people are concerned about whether we will see more of a slowdown, what is your number one moneymaker? >> the telecom of australia. the reason they say that is a 6.5% dividend. which is great, up 30% this year. let's say it does nothing over the next four or ffve years and you're collecting the dividend rising at 4% per year, you look at the compound rate, it is 8%. maybe even more. liz: you still have time to be a shareholder of record. >> absolutely. you look at the point of view of other areas to invest. you can own internationally by having u.s. companies. invest internationally would be a theme i think wou
gets ready to step down as secretary of state. but will questions about the attack on the u.s. consulate in the libya impact her legacy? we actully keep track of how many times this kid picked his nose? hair pulls, stink eyes, man we see eveything. oh, it's the old man. hold on, i gotta send something out. you can have two apps open at the same time? how'd you do that? it's the galaxy note 10.1 man, it just does it. how do you think they made it? magic. do more with the samsung galaxy note 10.1. available at best buy and st buy mobile stores. >>> secretary of state hillary clinton says she'll implement all the changes suggested by an accountability review board in response to the attack on the u.s. consulate in benghazi libya. the u.s. ambassador and three others were killed. the report slammed the state department for what it called systemic failures leading up to the attack. four senior level state department officials took the hit. one resigned, the other three put on administrative leave. how does this whole thing affect her legacy especially if she decides to run for pres
. >> thank you. >>> dramatic rescue. americans were kidnapped in afghanistan. they are freedly u.s. military coalition troops. they took him on wednesday in the district outside of kabul. six people were killed. two arrested during the dangerous mission. dr. joseph is seen here in this video posted on youtube. there's no word on his condition or if he was harmed in captivity. >>> in egypt, a call for new protest against president morsi today. his attempt to diffuse weeks of unrest failed. last night's announcement did not satisfy opponents on a draft constitution. we are live in cairo. do his opponents see this as a victory? >> reporter: well, right now, they don't feel it is a victory. not only has the referendum gone ahead as scheduled, there's been no dialogue about the constitution and the articles which are the main source of detention. the decree issued november 22nd was the cast list to the street protests we have been seeing. over the past two weeks, the demands of the protesters extend beyond the decree. they want a new constitution drafted. what the opponents say is the constitutio
it is embarrassing to compared government funding for amtrak with u.s. government funding for domestic aviation and highway speed passenger >> to build and maintain one of the best highways systems in the world, we've spent $114 billion and built it over 45 years and today it would be $126 billion. con jex on our roads are at historic levels and by 2020 urban interstates will be at or over capacity. and anyone who has had the pleasure of flying recently they know the problems that plag our nation's airport ch airports, in fact, in spite of all this amtrak carries more riders from new york to boston than all other airlines put together. 50% of people that travel this distance. and between washington d.c. and new york city, amtrak carries twice as many passengers as all airlines come bind. today it carries 75% of inner city travel letters between new york and washington. amtrak has done all this with the threat of funding cuts and privatization especially of the profitable northeast corridor hanging over its head. we know that in other parts of the world privatization of hig
of the increase in cap x from u.s. providers. >> i don't know. i would rather buy cisco. these companies, i remember when a avatel was good. the spending on american tower, sba communications, not on software. lte, you've got to go to g 5 -- >> we're already moving at g 5. >> g 3 is not playing this weekend. >> i think g-3 is -- >> dad said he would play. but apparently he disagreed. >> how about those knicks? >> oh, man. >> the finger, now the ankle for melo, right? >> he's tough. he'll be all right. >> i went to the rolling stones last night and did not go to the eagles. let my make that clear. >> coming up next, diana olick's exclusive interview with brian moynihan. take a look at this morning's early movers on wall street. adobe topping the list of 6.5%. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. wooohooo....haha
that a red line, and the u.s. would have to get involved if bashar al-assad were to do that. do you think that the u.s. stance is the same today? >> well, i think it is, allison, and it's getting very critical because with damascus being surrounded, or about to be surrounded, the potential, the airport as was just reported, that that may be put out of business, bashar al-assad is getting desperate and he may go to his last option which would be chemical weapons, sarin gas. we have good intelligence that they are loading up aircraft. they have moved the munition -gs from thmahmoudijah admonitions from the eug lieu igloos, where they are stored. it's a very difficult situation. nato leading from the front must get involved. we cannot let those weapons get in the hands of hezbollah, hamas, al-qaida. >> reporter: if the u.s. were to get involved ornate tow, what would that look like? >> i would not have a large footprint as you've heard some people in the pentagon say 75,000 troops. i think we can use a smaller footprint, use air power, put a no-fly zone over syria, go in and seize those. the
on cnn. >>> after years of failed attempts, north korea successfully launches a rocket, why the u.s. is calling it clear provocation. >>> they're back, after three months an apology from apple's ceo and a fired high-ranking executive later while google maps returning this morning to the iphone store. >>> last night the stars came out and brought the house down. ♪ checking in your suitcase, thunder's rolling down this track ♪ >> we'll take you to the concert that raised nearly $30 million for superstarm soorm sandy reli. "the newsroom" starts right now. >>> good morning. car roll is off today, i'm don lemon. breaking news out of afghanistan, just a short time ago a suicide bomber detonated a vehicle outside the gates of kandahar airbase. defense secretary leanne panetta had been there, traveling there but he left hours earlier. not clear if the attack was tied to his visit. there are initial reports, though, that several coalition soldiers were wounded along with as many as ten civilians. we'll keep you updated on that attack here on cnn as we get new information. >>> and also ne
. >> a u.s. airways jet briefly catching fire at sky harbor airport in phoenix. a spokesperson for the airlines says the crews were running maintenance jets on the jet's actio auction power system. no injuries reported. >> po*ep depope benedict xvi r-r deliverindelivering the christmas day message appealing for the end of the blood sed taking place in syria and playing for israelis and palestinians to find the courage to negotiate a lasting peace. yesterday the pope talked about the lure of technology taking time away from war shopping god. >> pilgrims from around the world flock to belles a to bethlehem lining up to see the birthplace of jesus. leland vittert live from bethlehem, sending christmas greetings to us like nobody else can. merry christmas to you. >> reporter: you're right it is really a roo tphaoebg and magical place on earth to be for chris nass. i'm going t christmas. you see the christmas tree all lit up and past that the church of the nativity where tonight there are a couple of thousands of people lined up trying to head inside and down to the bible when th gr
, saran has a shelf life of 60 days. use it or lose it and the senior u.s. military official says it looks like the syrians have placed the gas in breakable canisters that they could then drop from an aircraft. those canisters would then release the saran as a mist of deadly droplets that could potentially kill thousands of innocent civilian notice area. killing innocent people would be nothing new for this assad. ache atactivists estimate at let 40,000 people have died in the uprising that began early last year. this would mark a bloody new territory for even that dictator. >> we want to be very clear. we want to be very clear to the syrian government as its situation deteriorates, they must not think about deploying these things. they must not deploy them. >> shepard: reports suggest syria produces and stores its chemical weapons in five different locates across the country much the white house has warned if they use those weapons there will be consequences. we don't know what those consequences could involve. that's probably by design. team fox coverage begins now, james rosen live at t
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